Loan to increase affordable mobile phones for my shop
Nicholas
Thika, Kenya
28% repaid
Entrepreneur
Name
Nicholas
Member since
January 2015
On-time repayments
144 installments • 38%
About Me
My names are Nicholas Ndungu Njoki 35 years old from Kenya. I am married with 5 children both first born and second born are in class 8 while the rest are in lower primary. I reside in Kamwangi estate approximately 20 km west of Thika town. After completing my O level education I secured an employment as a casual laborer in coffee factories around my village. I managed to make savings from my earnings in order to get enough capital to start my own business. By the grace of God and with my humble savings I managed to start a business of selling mobile phones accessories, electronics and plastic water tanks commonly known as (Roto Tanks). The profit raised is used to stock back into business, for household expenses, paying business premises and also paying school fees for my children. By the grace of God and incase I get enough capital, this business I would turn it into a company so that I can have many employees who would also earn a living from it.
My Business
My business involves selling of mobile phone accessories, electronics and plastic water tanks (Roto tanks). I started this business 7 years ago, we run this business with my wife and this has led to cost effectiveness because when I go to purchase these goods from distributors, my shop remains opened and customers are served throughout. The cost of these goods from distributors is lower and this has enabled my customer to enjoy a reasonable price I give them compared to my competitors.
On the other hand I have introduced (Mpesa) mobile money transfer services and hence increased the number of customers as well as increasing my profit margin because of the commission I get in every transaction made.
This business has a chance to grow to a level of a company because of its location just within Kamwangi town and it is a well populated town, this has been my dream but can only be realized if I can get extra capital
Thank you in advance for zidisha loans, this a right platform to make my business grow. God bless you Zidisha team.
Loan Proposal
Dear esteemed lenders.
Thank you for my previous loan that raised my sales compared to past few months hence raising my profit margin with 55%. I kindly request for financial assistance to enable me increase affordable mobile phones for my shop. These phones are commonly used by the locals due to its friendly prices. Your financial support will supplement my profit that i intend to reinvest into the business.
Budget:-
1). 10 Kambabe @ USD 9 = USD 90
2). 5 Itel mobile phones @ USD 15 =USD 75
3). 5 Tecno mobile phones @ USD 16 = USD 80
4). 6 Nokia 105 @ USD 15 = USD 90
5). 15 Jimbambe @ USD 7 = USD 105
The remaining amount will be used for purchase of mobile phones accessories and for the transport. This additional stock will increase my profit margin with 65%
I promise to remain faithful in in repayment as i have always been in the previous loan.
Thank you lenders for supporting my project.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$543.00
Date disbursed
Jan 24, 2016
Repayment status
Late
Projected term
24 months
Other loans
Lenders
United States
Summary
Amount repaid
$161.70
Amount remaining
$409.90
Expected completion
Jan 21, 2018
Status
Repaying late
Installment amount
$5.00
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| Jan 31, 2016 | $41.00 | Jan 31, 2016 | $41.00 |
| Feb 7, 2016 | $10.00 | Feb 12, 2016 | $10.00 |
| Feb 14, 2016 | $10.00 | Feb 17, 2016 | $10.00 |
| Feb 21, 2016 | $10.00 | Feb 28, 2016 | $10.00 |
| Feb 28, 2016 | $10.00 | Mar 1, 2016 | $10.00 |
| Mar 6, 2016 | $5.00 | Mar 7, 2016 | $5.00 |
| Mar 13, 2016 | $5.00 | Mar 7, 2016 | $5.00 |
| Mar 20, 2016 | $5.00 | Mar 14, 2016 | $5.00 |
| Mar 27, 2016 | $5.00 | Mar 14, 2016 | $5.00 |
| Apr 3, 2016 | $5.00 | Mar 20, 2016 | $5.00 |
| Apr 10, 2016 | $5.00 | Mar 28, 2016 | $5.00 |
| Apr 17, 2016 | $5.00 | Apr 3, 2016 | $5.00 |
| Apr 24, 2016 | $5.00 | Apr 10, 2016 | $5.00 |
| May 1, 2016 | $5.00 | Apr 18, 2016 | $5.00 |
| May 8, 2016 | $5.00 | Apr 25, 2016 | $5.00 |
| May 15, 2016 | $5.00 | May 2, 2016 | $5.00 |
| May 22, 2016 | $5.00 | May 10, 2016 | $5.00 |
| May 29, 2016 | $5.00 | May 15, 2016 | $5.00 |
| Jun 5, 2016 | $5.00 | Jun 12, 2016 | $5.00 |
| Jun 12, 2016 | $5.00 | Jan 29, 2021 | $3.00 |
| Feb 25, 2021 | $2.00 | ||
| Jun 19, 2016 | $5.00 | Apr 30, 2021 | $1.00 |
| Jun 25, 2021 | $0.70 | ||
| Jan 31, 2022 | $1.00 | ||
| May 24, 2022 | $1.00 | ||
| Jul 21, 2022 | $1.30 | ||
| Jun 26, 2016 | $5.00 | Jul 21, 2022 | $0.70 |
| Jul 3, 2016 | $5.00 | ||
| Jul 10, 2016 | $5.00 | ||
| Jul 17, 2016 | $5.00 | ||
| Jul 24, 2016 | $5.00 | ||
| Jul 31, 2016 | $5.00 | ||
| Aug 7, 2016 | $5.00 | ||
| Aug 14, 2016 | $5.00 | ||
| Aug 21, 2016 | $5.00 | ||
| Aug 28, 2016 | $5.00 | ||
| Sep 4, 2016 | $5.00 | ||
| Sep 11, 2016 | $5.00 | ||
| Sep 18, 2016 | $5.00 | ||
| Sep 25, 2016 | $5.00 | ||
| Oct 2, 2016 | $5.00 | ||
| Oct 9, 2016 | $5.00 | ||
| Oct 16, 2016 | $5.00 | ||
| Oct 23, 2016 | $5.00 | ||
| Oct 30, 2016 | $5.00 | ||
| Nov 6, 2016 | $5.00 | ||
| Nov 13, 2016 | $5.00 | ||
| Nov 20, 2016 | $5.00 | ||
| Nov 27, 2016 | $5.00 | ||
| Dec 4, 2016 | $5.00 | ||
| Dec 11, 2016 | $5.00 | ||
| Dec 18, 2016 | $5.00 | ||
| Dec 25, 2016 | $5.00 | ||
| Jan 1, 2017 | $5.00 | ||
| Jan 8, 2017 | $5.00 | ||
| Jan 15, 2017 | $5.00 | ||
| Jan 22, 2017 | $5.00 | ||
| Jan 29, 2017 | $5.00 | ||
| Feb 5, 2017 | $5.00 | ||
| Feb 12, 2017 | $5.00 | ||
| Feb 19, 2017 | $5.00 | ||
| Feb 26, 2017 | $5.00 | ||
| Mar 5, 2017 | $5.00 | ||
| Mar 12, 2017 | $5.00 | ||
| Mar 19, 2017 | $5.00 | ||
| Mar 26, 2017 | $5.00 | ||
| Apr 2, 2017 | $5.00 | ||
| Apr 9, 2017 | $5.00 | ||
| Apr 16, 2017 | $5.00 | ||
| Apr 23, 2017 | $5.00 | ||
| Apr 30, 2017 | $5.00 | ||
| May 7, 2017 | $5.00 | ||
| May 14, 2017 | $5.00 | ||
| May 21, 2017 | $5.00 | ||
| May 28, 2017 | $5.00 | ||
| Jun 4, 2017 | $5.00 | ||
| Jun 11, 2017 | $5.00 | ||
| Jun 18, 2017 | $5.00 | ||
| Jun 25, 2017 | $5.00 | ||
| Jul 2, 2017 | $5.00 | ||
| Jul 9, 2017 | $5.00 | ||
| Jul 16, 2017 | $5.00 | ||
| Jul 23, 2017 | $5.00 | ||
| Jul 30, 2017 | $5.00 | ||
| Aug 6, 2017 | $5.00 | ||
| Aug 13, 2017 | $5.00 | ||
| Aug 20, 2017 | $5.00 | ||
| Aug 27, 2017 | $5.00 | ||
| Sep 3, 2017 | $5.00 | ||
| Sep 10, 2017 | $5.00 | ||
| Sep 17, 2017 | $5.00 | ||
| Sep 24, 2017 | $5.00 | ||
| Oct 1, 2017 | $5.00 | ||
| Oct 8, 2017 | $5.00 | ||
| Oct 15, 2017 | $5.00 | ||
| Oct 22, 2017 | $5.00 | ||
| Oct 29, 2017 | $5.00 | ||
| Nov 5, 2017 | $5.00 | ||
| Nov 12, 2017 | $5.00 | ||
| Nov 19, 2017 | $5.00 | ||
| Nov 26, 2017 | $5.00 | ||
| Dec 3, 2017 | $5.00 | ||
| Dec 10, 2017 | $5.00 | ||
| Dec 17, 2017 | $5.00 | ||
| Dec 24, 2017 | $5.00 | ||
| Dec 31, 2017 | $5.00 | ||
| Jan 7, 2018 | $5.00 | ||
| Jan 14, 2018 | $5.00 | ||
| Jan 21, 2018 | $0.60 | ||
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